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Admin> Settings> Deposit Interest


The video is at the bottom of the page.

If your state requires that you return interest on deposits held, the formula and other settings can be specified here. You can also:

  • Indicate which Deposit types that you calculate Interest on.
  • Add the time periods and the Interest percentage.
  • Indicate the properties that should have interest calculated.
  • The interest is calculated as simple interest and is calculated during Move Out Reconciliation only.

Deposit Interest

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Please select an existing formula from the drop down menu, create a new formula by clicking on "New" or get rid of a formula by clicking "Delete".

 

To create a new Formula: 

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Indicate the name that should be referred to as, which Deposit category it should calculate interest from and the term dates. 

Properties 

Indicate the properties that should have interest calculated. The interest is calculated as simple interest and is calculated during Move Out Reconciliation only.

Click Save. 


NEED MORE HELP? WATCH THIS VIDEO


Video too small? Click the Full Screen link on the lower right of the video!

 

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